Simran Farms Limited shareholders approved all six resolutions at the 39th Annual General Meeting held on September 24, 2026. The meeting, conducted virtually, saw strong support for director reappointments and financial statement adoption.

The company reported that 34 members attended the meeting out of a total of 4,115 members as of the cut-off date of September 17, 2026. Harender Singh Bhatia, Managing Director, chaired the session. The statutory auditors and secretarial auditors were present, and their reports contained no qualifications or adverse remarks.

Voting results and scrutiny

The voting results, scrutinized by L.N. Joshi, confirmed that all items of business were approved by the shareholders with requisite majority. The consolidated scrutinizer's report indicated that remote e-voting was the primary mode of participation, with minimal dissenting votes across all resolutions.

Governance and compliance details

The meeting was conducted in compliance with Ministry of Corporate Affairs and SEBI circulars regarding virtual meetings. Remote e-voting was available from September 21 to September 23, 2026. The company noted that proxies were not applicable due to the virtual format, except for corporate shareholders.

During the session, one registered speaker raised queries regarding operations and financial performance, which were addressed by Director Kawaljeet Singh Bhatia. The Chairman thanked members for their support before concluding the meeting.

Related party transaction specifics

For Item 6, regarding material related party transactions with Simran Agritech Private Limited, the promoter group abstained from voting as they were interested in the resolution. Only public non-institutional shareholders voted, with 443,158 votes polled. A Key Managerial Personnel holding 50 shares had their votes treated as invalid under SEBI regulations, as they fell within the definition of a related party.

Director appointment details

The company filed a continuous disclosure with BSE confirming the specific terms of the reappointments approved during the AGM. The filing detailed the tenure and background of the directors involved in Items 4 and 5 of the agenda.

Gurmeet Singh Bhatia (Whole-time Director)

Gurmeet Singh Bhatia has been re-appointed as a Whole-time Director for a further term of 3 years, effective from August 13, 2026, to August 12, 2029. He holds a Bachelor of Commerce degree and has over 28 years of experience in various business activities, including 23 years in the Poultry Feed Industry. The disclosure notes that he is the brother's son of Harender Singh Bhatia, the Managing Director.

Gaurav Chhabra (Independent Director)

Gaurav Chhabra has been re-appointed as a Non-Executive Independent Director for a second term of 5 years, effective from May 14, 2027, to May 13, 2032. He holds a Bachelor of Commerce and Bachelor of Laws (LLB) degree. He is a Registered Advocate with the M.P. State Bar Council, Jabalpur, and has been practicing in the High Court of M.P. Bench at Indore, District Court Indore, and State Consumer Commission, Bhopal since 1999. His expertise lies in general laws and corporate laws. The company confirmed that neither director is debarred from holding office by SEBI or any other authority.

Simran Farms has scheduled its 39th Annual General Meeting for September 24, 2026. The meeting will convene via video conferencing at 11:30 am to address corporate governance matters and approve significant related-party transactions.

The company informed shareholders that the Annual Report and Notice of the 39th AGM are available electronically on its website and the BSE platform. Shareholders who have not registered email addresses with their depository participants or registrar have been sent a letter providing web links to access these documents. Physical copies can be requested by writing to the compliance department.

The agenda includes the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Shareholders will also vote on the re-appointment of Mr. Gurmeet Singh Bhatia as Whole-Time Director and Mr. Gaurav Chhabra as an Independent Director for their respective terms.

Financial Performance Context

The explanatory statement highlights that while revenue from operations rose to ₹87,473.43 lakh in FY26 from ₹83,440.93 lakh in FY25, profit before tax declined to ₹756.20 lakh from ₹795.88 lakh. Net profit fell to ₹494.55 lakh compared to ₹579.50 lakh in the prior year. The company attributed the margin pressure to elevated input costs for maize and soybean meal, alongside geopolitical impacts on imported medicines and amino acids.

Related Party Transaction Approval

A central item for shareholder approval is the omnibus approval of material related-party transactions with Simran Agritech Private Limited (SAPL). The Board seeks permission for transactions aggregating up to ₹400 crore during FY27 and until the next AGM. SAPL, a related party due to common directorship and shareholding, supplies poultry feed and ingredients to Simran Farms. The company cites operational convenience, cost optimization, and proximity to farms as key benefits of this arrangement.

Director Remuneration and Re-appointments

Shareholders will decide on the remuneration package for Mr. Kawaljeet Singh Bhatia, who transitions to a Non-Executive Non-Independent Promoter Director role. His proposed monthly remuneration is set at ₹4.50 lakh. Additionally, the meeting will approve the re-appointment of Mr. Gurmeet Singh Bhatia as Whole-Time Director for three years, effective August 13, 2026, with a similar monthly salary structure plus perquisites capped at 25% of annual salary.

Mr. Gaurav Chhabra’s re-appointment as an Independent Director for a second five-year term, commencing May 14, 2027, also requires shareholder consent via special resolution.

What the Numbers Show

The divergence between top-line growth and bottom-line contraction in FY26 underscores the sensitivity of Simran Farms’ margins to raw material costs. While revenue expanded by nearly 5%, net profit declined by approximately 15%, indicating that higher input expenses for feed ingredients outpaced any gains from increased sales volume or pricing power during the period.